Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M
SOLD
$45,250,000
Massachusetts
See Similar DealsRetail127,505 SF
Sold 05/15/2023
SOLD
Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M
400 Lincoln St Hingham, MA 02043, USA
See Similar DealsRetail127,505 SF
Sold 05/15/2023
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$354
Total Square Footage:127,505 SF
Transaction Type:Sale
An retail property located at 400 Lincoln Street in Hingham, MA has been sold in a transaction. The property spans a total of 127,505 square feet and was sold for a price of $45,250,000, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $45,250,000
- Square Footage: 127,505
- Address: 400 Lincoln Street, Hingham, MA
- Market: Hingham, MA
Jumbo Capital acquired the property from AEW Capital Management. The transaction was facilitated by the brokers Robert Griffin, Jonathan Martin, and Paul Penman of Newmark.
Players
BUYER
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,413,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$160,763.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$214,508.09
Annual Debt Service$2,574,097.03
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